New Benchmarking Data – HFR launches 38 indices

A marketing challenge for all hedge fund marketers  is how to benchmark performance of a hedge fund strategy.
 
We have all seen strategies that are allegedly non-correlated benchmark against the S&P or Russell 2k, the Barcleh AG (hat tip to Dealbreaker.com), however, how useful is this?
 
There are hedge fund indices out there, but these cover big [...]